NVDA Stock Price Today: Nvidia Rides GTC 2026 Momentum and Record Q4 Into a $4.5T Valuation

NVDA stock price today

Nvidia (NVDA) last traded at $175.75, up 0.8% on the day, with an intraday range of $174.82 to $177.37. The quote corresponds to 00:15 UTC on April 2, 2026 (8:15 p.m. ET on April 1). Market capitalization stands at roughly $4.53 trillion, with a trailing P/E near 45.6 based on EPS of $4.08. Volume at that timestamp was about 168.1 million shares.

Why the stock is in focus

• GTC 2026 momentum: CEO Jensen Huang told attendees at Nvidia’s GTC 2026 conference in San Jose two weeks ago that combined orders for the company’s Blackwell and next‑gen Vera Rubin platforms are on track to total about $1 trillion through 2027—underscoring sustained demand for AI compute. (axios.com )
• Next‑gen hardware claims: Nvidia introduced its rack‑scale Vera Rubin NVL72 platform this quarter, guiding to up to 5x higher inference performance and as much as 10x lower cost per token versus Blackwell when systems begin rolling out in the second half of 2026. (tomshardware.com )
• Platform build‑out: At GTC, Nvidia also unveiled BlueField‑4 STX—a storage and data pipeline reference architecture optimized for agentic AI—designed to run with Vera Rubin and the newly announced Vera CPU. (tomshardware.com )

These catalysts keep NVDA central to the AI infrastructure trade, a key driver of the stock’s multi‑year rerating.

Earnings backdrop: record Q4, accelerating AI spend

Nvidia reported record revenue of $68.1 billion for fiscal Q4 2026 (quarter ended January 25, 2026), up 20% sequentially and 73% year over year. The company also outlined methodology changes to non‑GAAP metrics beginning in fiscal 2027. (investor.nvidia.com )

Looking back to fiscal 2026’s early stages, Nvidia’s Q1 FY2026 press release detailed how new U.S. export license requirements for certain China‑bound H20 products resulted in a $4.5 billion charge, even as overall revenue reached $44.1 billion with data center sales of $39.1 billion. This underscores both the scale of demand and the policy risks still in play. (investor.nvidia.com )

Independent coverage has emphasized how data center now dominates Nvidia’s mix, reflecting the surge in AI training and inference workloads across hyperscalers and enterprises. (pcgamer.com )

Valuation and market leadership

At roughly $4.53 trillion in market value today, Nvidia continues to trade near the very top of global market‑cap rankings—a position it has intermittently held through late 2025 and early 2026 as AI investment accelerated. (fool.com )

As a milestone, Nvidia became the first public company to touch a $5 trillion market capitalization late last year, highlighting the extent of investor conviction in the AI compute cycle—even as leadership among mega‑caps has remained fluid day to day. (apnews.com )

Key drivers to watch next

• Product timelines and supply: Vera Rubin systems are guided for the second half of 2026. Any confirmation of shipment timing, availability, or pricing—alongside ramp details for Blackwell Ultra—will be closely parsed. Memory supply is a swing factor: industry updates point to high‑bandwidth memory (HBM4) moving into volume for the Rubin ecosystem, which could ease bottlenecks if ramps proceed on schedule. (tomshardware.com )
• The next print: Nvidia’s first‑quarter FY2027 results are scheduled for Wednesday, May 20, 2026, per the company’s investor relations events page. Guidance for data center, updates on China export licensing dynamics, and commentary on inference versus training demand mix will be front of mind. (investor.nvidia.com )
• Policy risk: Any evolution of U.S. export controls or licensing requirements that affect shipments of advanced GPUs remains a headline risk for revenue cadence and inventory planning. Nvidia’s own commentary in prior quarters frames how quickly these policies can alter near‑term results. (investor.nvidia.com )

The setup in brief

• Price and valuation: NVDA trades near $176 with a P/E around 46, supported by multiyear AI infrastructure demand and fresh product cycles.
• Fundamentals: Record Q4 FY2026 revenue underscores sustained hyperscaler and enterprise spend on accelerated computing. Data center remains the principal earnings engine. (investor.nvidia.com )
• Catalysts: GTC 2026 announcements around Vera Rubin, BlueField‑4 STX, and management’s trillion‑dollar pipeline narrative shape expectations into mid‑2026. Execution on hardware ramps and supply (notably HBM) are critical. (axios.com )

Bottom line

NVDA’s stock continues to be driven by the scale of AI compute demand, the cadence of Nvidia’s platform upgrades (Blackwell to Rubin), and signals on supply and policy. With record quarterly revenue now on the books and a heavy slate of product ramps slated for 2H 2026, the next checkpoint will be the May 20 earnings call. Between now and then, watch for updates from ecosystem partners and hyperscalers that could validate (or challenge) Nvidia’s shipment and cost‑per‑token claims for Rubin‑class systems. (investor.nvidia.com )